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Gbp-usd

GBPUSD Two buy entries one short and one long-termWe haven't looked into the GBPUSD pair since almost a month, but it largely confirmed our bullish outlook: As you see the price broke above both the 1.2285 August 01 High and the 1D MA200 (orange trend-line), which has turned it already into its short-term Support. As we pointed out last time, a Channel Up (green) was formed but as the new Higher High was priced yesterday, we have to consider the emergence of an additional Channel Up (dotted lines), which has its Higher Lows (bottom) trend-line exactly on the 1D MA50 (blue trend-line). That would be our long-term buy entry and an additional indicator to take that long would be if the 1D RSI also bounces off the designated Support. In both cases our target will be the June 01 2021 Lower Highs trend-line or the 1W MA200 (red trend-line), whichever of the two gets hit first. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
InvestMate|GBP/USD As I Said💷💵💷💵GBP/USD As I Said 💷💵The scenario I wrote about recently has started to materialise: 💷💵The direction and support and resistance zones remain unchanged. 💷💵Given the momentum that started after the Fed raised interest rates by 50 basis points. 💷💵A continuation of the price decline looks very likely. 💷💵We have already broken through the 50-period moving average and are slowly breaking out of the uptrend channel. 💷💵Looking at the MACD and RSI, I have no doubts about the strength and validity of the movement I expect. 💷💵It may take some time for us to reach the support zone, but knowing that the declines continue much faster than the uptrends, everything may be over within the next weeks. 💷💵The scenario remains unchanged. I still expect the declines to continue. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
2
GBPUSD 19% Up From Record Low!It was only in September this year that the British Pound fell to record lows, with the exchange rate hitting a low of 1.0356. Price swiftly reversed after that drop and bounced hard from the record low and back into the consolidation area. We have seen a 19% price move to the upside, above the 1.2000 round number. Now the next level of resistance is the 200 simple moving average. We need to remember that price is back in consolidation, which ranges between 1.1409 and 1.4376. The consolidation area started back in October 2016, and with the recent fake breakout of support, it is proving to be a difficult area for price to escape from. From a trend-following perspective, there is not much room to catch a big move, with their being major support and resistance levels around price. However, short-term traders may see opportunities in this forex pair. If you enjoyed this post, make sure to like, and follow for more quality content! If you have any questions or comments, comment below. We reply to every comment! See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
by Sublime_Trading
GBPUSD Potential for Bullish Continuation | 15th December 2022Looking at the H4 chart, my overall bias for GBPUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Price has tapped into my buy limit entry at 1.23344, where the recent highs are to ride the bullish momentum to take profit at 1.26669, where the previous swing high and 127.2% Fibonacci extension line is. Stop loss will be at 1.21062, where the previous swing low is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
by Rockqet
GBPUSD Potential for Bullish Continuation | 14th December 2022Looking at the H4 chart, my overall bias for GBPUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a possible buy limit entry at 1.23344, where the recent highs are to ride the bullish momentum to take profit at 1.26669, where the previous swing high and 127.2% Fibonacci extension line is. Stop loss will be at 1.21062, where the previous swing low is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
InvestMate|GBP/USD Declines Are Inevitable💷💵💷💵GBP/USD Declines Are Inevitable 💷💵Looking at how the GBP/USD bumped upwards today on news of the latest inflation readings in the US 💷💵It may confuse some and provoke further rises. 💷💵But I believe this was the last attempt at increases before the incoming wave of falls. 💷💵Looking at the divergence that has formed on the MACD and RSI 💷💵And considering the fact that no significant correction has occurred on GBP/USD for the last weeks. 💷💵I think it would be prudent to set up a resistance zone around the recent peaks. 💷💵And the support zone remains unchanged. It has been set out in previous posts but to make it easier for you to understand I will write you again what it is based on 💷💵Support zone is around the 1.16 level, where there is a cluster of as many as three fibo levels. The first is the 0.382 level of the same wave as the first support zone . The second level is 1.272 of the entire upward wave from the 2001 bottom to the 2007 peak. The third level is 0.886 of the entire upward wave from the 1985 bottom to the 1992 peak. 💷💵The scenario I am playing out is the start of a decline and a continuation of the movement to the designated support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💷💵*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
23
GBPUSD Potential for Bullish Continuation | 13th December 2022Looking at the H4 chart, my overall bias for GBPUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy stop entry at 1.23344, where the recent highs are to ride the bullish momentum to take profit at 1.26669, where the previous swing high and 127.2% Fibonacci extension line is. Stop loss will be at 1.21062, where the previous swing low is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
1
GBP/USD:BUY After GBP Mom Release News For A LONG SetupThe GBP/USD after reaching our previous target price had a pullback again in the support area retesting the 61.8% Fibo from the previous swing low. The value is making Higher-highs and Higher-lows supported by a dynamic trendline. The price cross on the higher side of the RSI and today the economic data about GBP MoM ( GDP measures the value of goods and services produced in the UK. The reading refers to a month-over-month growth rate. ) it's increased and this means the economy is increasing/growing. Our forecast is about a new bullish impulse.
Long
by FOREXN1
9
GBPUSD Potential for Bullish Continuation | 12th December 2022Looking at the H4 chart, my overall bias for GBPUSD is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. Looking for a buy stop entry at 1.23344, where the recent highs are to ride the bullish momentum to take profit at 1.26669, where the previous swing high and 127.2% Fibonacci extension line is. Stop loss will be at 1.21062, where the previous swing low is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
GBPUSD One more bullish target leftThe pattern on the GBPUSD is a Channel Up supported by the 1D MA200 (orange line). As long as it holds, the Lower Highs Resistance and red Resistance levels will be targeted. If the pair drops below the 1D MA200, then the buy opportunity will be at the bottom of the channel and on the 1D MA50 (blue line) most likely. A signal that this rise can be sustained at an even longer horizon is the formation of the bullish cross between the 1D MA50 and the 1D MA100 (green). When the opposite formation was made back in February, the pair started the major 2022 downtrend that didn't break above the 1D MA100. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ## ## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
Long
by InvestingScope
GBP/USD:BUY from Support Level in Bullish Trend for A LONG SetupGBP/USD following the correlation with EUR and also the Gold it's inside a Bullish channel where the price is making Higher-highs and Higher-lows. Today the price uses the 50 Moving average as dynamic support to have a new pullback in the direction of the main trend. We are looking for a new Bullish impulse. The release of the economic news about the USD Core PPI m/m and PPI m/m may have a positive affect on the pair if the data will be negative.
Long
by FOREXN1
12
GBPUSD Potential for Bullish Continuation | 9th December 2022Looking at the H4 chart, my overall bias for GBPUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy stop entry at 1.23344, where the recent high is to ride the bullish momentum to take profit at 1.26669, where the previous swing high and 127.2% Fibonacci extension line is. Stop loss will be at 1.21062, where the previous swing low is. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
2
InvestMate|GBP/USD Next days. Declines💷💵💷💵GBP/USD Next days. Declines 💷💵Post is a direct continuation of the previous post in which I wrote about the upcoming declines: 💷💵As you can see, we have again hooked the resistance zone where the 0.618 level is located. 💷💵I think this is very strong resistance at this point. Which will not be overcome so easily. 💷💵The downside scenario and target remains unchanged. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💷💵 *Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
1